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<br />Our fee and reimbursable expenses shall become due and payable simultaneously with the delivery of <br />the securities to the purchaser. <br /> <br />5. In the event any bond election be necessary, if such election shall fail, the fee due us shall be <br />-0- ; however, should the same or similar propositions again be submitted <br />to election held within months from date hereof, then at our option the agreement covered <br />by this proposal shall apply to any such securities. <br /> <br />6. It is further understood and agreed that we reserve the right to submit a bid for the securities <br />when offered for sale. <br /> <br />7. This agreement shall be terminated by the delivery to the purchaser of all the securities covered <br />hereby, whether delivered all at one time, or in installments. <br /> <br />8. Special Conditions. In addition to the terms and obligations herein contained, this proposal and <br />agreement is subject to the following special conditions: <br /> <br />To be agreed upon between the parties <br /> <br />9. This proposal is submitted in duplicate originals. When accepted by Issuer it will constitute the <br />entire agreement between Issuer and the undersigned for the purpose and considerations herein specified. <br />Your acceptance will be indicated by proper signatures of your authorized officers or representatives on <br />both copies and the returning of one executed copy to us: <br /> <br />Respectfully submitted, <br />Firm: FIRST SOUTHWEST COMPANY <br /> <br /> <br />By <br /> <br />ACCEPTANCE <br /> <br />ACCEPTED pursuant to <br /> <br />Resolution <br /> <br />adopted by the <br /> <br />Ci ty Counci 1 <br /> <br />of the City of San Marcos, Texas <br /> <br />on this 8 th <br /> <br />of <br /> <br />March <br /> <br />82 <br />,19_. <br /> <br />LCE-.h <br /> <br />/ <br /> <br />-.. <br /> <br />Title <br /> <br />Mayor <br /> <br />ATTEST: <br /> <br />og,~0i ;Jr~,JU' <br /> <br />Title Ci ty Secretary <br /> <br />(SEAL) <br /> <br />M.A.C. Form C-I <br />Rev. September, 1976 <br />